>>21114891I was thinking about the Bogle thing more, and I think he knew damn well inflation would run wild and there was an opportunity for a product that made an inflationary asset accessible and easy for plebs; Vanguard was founded just a few years after the gold standard decoupling. After all, it's beneficial to get more people involved and just spamming money into this thing. Furthermore, an attitude of "only buy no sell" ensures layer after layer added constantly like how some rocks form.
